821 - 1023NW 11th Ave
Portland OR 97209
Riverstone @ The Blocks
821 - 1023NW 11th Ave Portland OR 97209
Listing #: 710699 | Status: Available | Last Modified: 3/30/2026 |
For Sale
- Phone:(206) 693-3352
- Email:seantufts@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(206) 693-2239
- Office Website:
- Agent Phone:(503) 998-6572
- Agent Email:kadatto@northmarq.com
- Agent Phone:(206) 693-3329
- Agent Email:jdugoni@northmarq.com
- Agent Phone:(425) 628-7422
- Agent Email:jhallberg@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,870,000.0
- $/SF$ 377.6
- Listing StatusAvailable
- Days on Market38
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 4.25 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF10249
- Net Rentable Area10249
- Total Office SF
- Largest Contiguous SF
- Lot SF361
- Acres0.01
- Property TypeRetail
- Office Type
- Building Class
- CountyMultnomah
- Vicinity
- Location Description
- Second Address
- Cross Street820 NW 12th Ave
- Market AreaNot Assigned
- Tax ID #R257426
- Additional ParcelsR257428, R257430, R257432, R257434, R257436, R257437, R257438, R257439, R257440
- Zoning
- Year Built1998
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Riverstone @ The Blocks
• 10,249 SF retail condo in Portland’s Pearl District 62% leased to 4 tenants • Value-add opportunity upon lease-up of 3 available suites ranging between 837-1,991 SF • Wells Fargo occupies nearly 26% of the GLA and has occupied the Property for over 20 years, providing institutional-credit income through September 2030 with 1, 5-year option • Cool Moon Ice Cream is a beloved Pearl District artisan ice cream shop, operating since 2008 and frequently cited among Portland’s best; featured by Travel Oregon, Portland Monthly, and Eater Portland • Piazza Italia is a well-established Italian restaurant with a loyal following and in operation at this location for over 25 years, with an extension currently being negotiated by Seller • Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+
